Legal Notice
This document contains a sample separation agreement tailored for employment termination procedures within the United States. It is provided for general informational purposes and should not be considered legal advice. For specific matters, a consultation with a qualified legal professional specializing in employment law is recommended. Laws and regulations differ by jurisdiction and may require modifications to ensure compliance. The use of this sample is at the user’s own risk, and no liability is assumed for any errors, omissions, or consequences resulting from its application without proper legal review.
Please be advised: This is a sample template for a Severance Agreement for SHRM US, intended for illustrative purposes only. The actual terms may differ based on specific circumstances and applicable laws.
Severance Agreement Sample for SHRM US
Parties Involved:
Employer: XYZ Corporation
Address: 123 Business Rd, New York, NY 10001
Employee: Jane Doe
Address: 456 Maple Avenue, New York, NY 10002
Effective Date:
This agreement is effective as of ______________________.
Termination Details:
The employee’s employment with the employer shall terminate on ________________, and this agreement outlines the terms of their separation and severance benefits.
Severance Compensation:
The employer agrees to provide the employee with a severance payment of _________________, payable in accordance with the schedule specified herein.
Confidentiality and Non-Compete:
The employee agrees to abide by confidentiality obligations and non-compete restrictions as detailed in Appendix A attached hereto.
Release of Claims:
In consideration of the severance payments and benefits, the employee releases the employer from any claims or liabilities related to their employment or separation.
Governing Law:
This agreement shall be governed by the laws of the State of New York. Any disputes will be resolved within the courts located in New York County.
Additional Provisions:
- The employee affirms that they have had the opportunity to seek legal counsel prior to signing this agreement.
- This agreement may only be modified in writing signed by both parties.
- Severance payments are contingent upon signing and complying with all terms herein.
New York, ______________________
John Smith (Employer)
Jane Doe (Employee)